“…living on under two dollars a day requires unrelenting vigilance in cashflow management (AND) —strategies to cope with the irregularities of income….” Daryl Collins, Jonathan Morduch, Stuart Rutherford & Orlanda Ruthven
The first chapter is free and is an interesting story on how the world’s poor make it work. There is also a National Public Radio interview.
I remember having conversations with my guide while visiting Central America. His goal was to earn $5 (United States) a week. That was enough money to feed himself, clothe himself, and send money home to his parents. He was saving, too. His hope was to purchase a boat with a motor so he could transport people (like a taxi) from one part of the coast to another.
As you may imagine, my conversations with him really helped me put a number of things in perspective.
Thank you http://www.marginalrevolution.com for the pointer to this book.